991 GT3 future value

991 GT3 future value

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Discussion

V8KSN

Original Poster:

4,711 posts

184 months

Tuesday 23rd September 2014
quotequote all
Sorry for another value thread..... but does anyone know (or can you take a guess at) what a 991 GT3 will cost in two or three years from now?

Anyone you got a MGFV (Minimum Guaranteed Future Value) on a finance deal?

stef1808

950 posts

157 months

Tuesday 23rd September 2014
quotequote all
didnt sidicks answer that for you ~1 year ago. the answer was 59% after 3 years
just do it already smile

sidicks

25,218 posts

221 months

Tuesday 23rd September 2014
quotequote all
stef1808 said:
didnt sidicks answer that for you ~1 year ago. the answer was 59% after 3 years
just do it already smile
I did?
confused

APOLO1

5,256 posts

194 months

Tuesday 23rd September 2014
quotequote all
taking into account that any car from any one else, to even come close from a fun to drive or performance point, costs well over 100k more or more than double the cost of the 991GT3, along with the very ltd amount of cars in the UK, I would say that it will hold at least price (if not more )over the next 2/3 years.....

the price and the allocation of the RS will have a lot to do with this, I would bet that there are more than enough people waiting for an RS, than if they do not get one will take up the amount of used GT3s that are in play....if this does happen then it could see 150k for low miles good spec cars.......

imv

sidicks

25,218 posts

221 months

Tuesday 23rd September 2014
quotequote all
APOLO1 said:
taking into account that any car from any one else, to even come close from a fun to drive or performance point, costs well over 100k more or more than double the cost of the 991GT3, along with the very ltd amount of cars in the UK, I would say that it will hold at least price (if not more )over the next 2/3 years.....

the price and the allocation of the RS will have a lot to do with this, I would bet that there are more than enough people waiting for an RS, than if they do not get one will take up the amount of used GT3s that are in play....if this does happen then it could see 150k for low miles good spec cars.......

imv
I think the low volumes will support values and mean that you will struggle to get a decent spec £120k new list price) car for much less than £100k after 2 years and £85k after 3 years.

If future GT3s are forced down the Turbo route, then the 991, as the last of the normally aspirated cars, will always be well supported.

Personally, I don't see people paying over list in a year or so, as I don't think the cars have the same 'special' tag that Mclarens or Ferraris do. Happy to be proved wrong though!

V8KSN

Original Poster:

4,711 posts

184 months

Tuesday 23rd September 2014
quotequote all
Cheers guys.

Not looking to get a 991 GT3 anytime soon as I am more than happy with my 997.1 GT3 but it seems like my car has gone up by £10k since I bought it and I was just interested in where the two would meet in three years.

APOLO1

5,256 posts

194 months

Tuesday 23rd September 2014
quotequote all
sidicks said:
I think the low volumes will support values and mean that you will struggle to get a decent spec £120k new list price) car for much less than £100k after 2 years and £85k after 3 years.

If future GT3s are forced down the Turbo route, then the 991, as the last of the normally aspirated cars, will always be well supported.

Personally, I don't see people paying over list in a year or so, as I don't think the cars have the same 'special' tag that Mclarens or Ferraris do. Happy to be proved wrong though!
Special tag, Macs and F, ? the Mac is the biggest deprecating car of all time, from RRP? and Ferraris, well they are Ferraris....who knows, most powerful brand on the planet......be interesting to see if they increase production when the new chap steps in.....

imv

Edited by APOLO1 on Tuesday 23 September 13:41

hondansx

4,569 posts

225 months

Tuesday 23rd September 2014
quotequote all
I can't see it being the sure fire investment that we're seeing with 997s. More so when you consider the Gen 2 - whenever that happens - will probably be a bit better as is the norm. However, perhaps based on what APOLO is alluding to, you have to spend a lot more to get a better car currently, so it's almost in a price bracket of it own. As such, values will surely be stable.

I think it will all be somewhat governed by the RS, and whether that will be an incrementally better car or a very extreme, track day only car. If the new RS comes out being a good all-rounder, then i imagine that will harm GT3 values.

Let's face it though, no GT3 to date has dropped off a clip in value! They don't make enough of them for that to happen.

Robbo66

3,833 posts

233 months

Tuesday 23rd September 2014
quotequote all
I believe it will hold well.

However, beware. There's a small, potent and very vocal group on here (without access to, or having driven a 991GT3), who will no doubt come steaming in with predicted values at less than the gloop I used to fill my punctured tyre.

Don't be alarmed when this happens, as happen it will. There are no foundations, no reasoning to these claims....but it makes no difference. Come they will, emerging from a sea of green mist to deliver their doom laden comments and predictions, in a barrage of pithy, sniping one liners. Stand back and....ignore.



APOLO1

5,256 posts

194 months

Tuesday 23rd September 2014
quotequote all
hondansx said:
I can't see it being the sure fire investment that we're seeing with 997s. More so when you consider the Gen 2 - whenever that happens - will probably be a bit better as is the norm. However, perhaps based on what APOLO is alluding to, you have to spend a lot more to get a better car currently, so it's almost in a price bracket of it own. As such, values will surely be stable.

I think it will all be somewhat governed by the RS, and whether that will be an incrementally better car or a very extreme, track day only car. If the new RS comes out being a good all-rounder, then i imagine that will harm GT3 values.

Let's face it though, no GT3 to date has dropped off a clip in value! They don't make enough of them for that to happen.

Imv does not matter if the RS is track bias or what ever,there will little or no RSs in free play...so that just leaves the GT3, simple supply and demand.......

DiscoColin

3,328 posts

214 months

Tuesday 23rd September 2014
quotequote all
Robbo66 said:
...There are no foundations, no reasoning to these claims....but it makes no difference. Come they will, emerging from a sea of green mist to deliver their doom laden comments and predictions, in a barrage of pithy, sniping one liners. Stand back and....ignore.
There is only a marginal foundation for any claims either way IMHO. Any extrapolation of the future value of these cars surely has to be considered pretty wild speculation at this point? There is currently a pronounced disconnect between the majority of buyers of older GT3s and the majority of purchasers of the 991, so there is no real basis to assume that one will follow the trends of the other. However, that the cars have a different market may not matter simply due to the low number of cars. When they become difficult to source the market will decide. However, the one thing that is pretty unlikely to affect this is people who have bought them talking values up or people who don't want them talking them down.

As a matter of personal opinion I would say that I think that if they go up, it won't be by much in the short to medium term and if they go down it will be very slowly indeed compared to either contemporary rivals or other flavours of 991. If you are buying a new car they are at least as safe a buy as anything else that you can get.

mollytherocker

14,366 posts

209 months

Tuesday 23rd September 2014
quotequote all
IF the car turns out to be reliable in the medium term, I see a gentle decline in values.

Maybe 80k in 3 years. Thats my guess.

Meet back here in 3 years?

APOLO1

5,256 posts

194 months

Wednesday 24th September 2014
quotequote all
Robbo66 said:
I believe it will hold well.
emerging from a sea of green mist to deliver their doom laden comments and predictions,
Hi, was discussing this with a couple of the Mods over the weekend, the mist is strong on here.....

V8KSN

Original Poster:

4,711 posts

184 months

Wednesday 24th September 2014
quotequote all
APOLO1 said:
Robbo66 said:
I believe it will hold well.
emerging from a sea of green mist to deliver their doom laden comments and predictions,
Hi, was discussing this with a couple of the Mods over the weekend, the mist is strong on here.....
I think its RED mist people see when you post hehe

APOLO1

5,256 posts

194 months

Wednesday 24th September 2014
quotequote all
V8KSN said:
APOLO1 said:
Robbo66 said:
I believe it will hold well.
emerging from a sea of green mist to deliver their doom laden comments and predictions,
Hi, was discussing this with a couple of the Mods over the weekend, the mist is strong on here.....
I think its RED mist people see when you post hehe

no red mist from my side I am fine........

Alpinestars

13,954 posts

244 months

Wednesday 24th September 2014
quotequote all
sidicks said:
I think the low volumes will support values and mean that you will struggle to get a decent spec £120k new list price) car for much less than £100k after 2 years and £85k after 3 years.

If future GT3s are forced down the Turbo route, then the 991, as the last of the normally aspirated cars, will always be well supported.

Personally, I don't see people paying over list in a year or so, as I don't think the cars have the same 'special' tag that Mclarens or Ferraris do. Happy to be proved wrong though!
Whilst I have no idea about what the values will be, aren't you comparing apples to pears? Ferrari and Mclaren are marques, a GT3 is a model. If you want to compare like with like compare models or marques. It's not right to say that Porsche don't have the same "special" tag when we are talking values. Reference 96RS and 3.8/4.0 RS values, which are all above list, and the MP12, which has tanked.

APOLO1

5,256 posts

194 months

Wednesday 24th September 2014
quotequote all
Alpinestars said:
sidicks said:
I think the low volumes will support values and mean that you will struggle to get a decent spec £120k new list price) car for much less than £100k after 2 years and £85k after 3 years.

If future GT3s are forced down the Turbo route, then the 991, as the last of the normally aspirated cars, will always be well supported.

Personally, I don't see people paying over list in a year or so, as I don't think the cars have the same 'special' tag that Mclarens or Ferraris do. Happy to be proved wrong though!
Whilst I have no idea about what the values will be, aren't you comparing apples to pears? Ferrari and Mclaren are marques, a GT3 is a model. If you want to compare like with like compare models or marques. It's not right to say that Porsche don't have the same "special" tag when we are talking values. Reference 96RS and 3.8/4.0 RS values, which are all above list, and the MP12, which has tanked.
good point, what is a comparable to the 991GT3....

adamGT3

190 posts

119 months

Wednesday 24th September 2014
quotequote all
To be honest I really don’t care about the future value of the car, I’m not looking at as an investment decision. Yes historically all the GT3 have held their values and I really can’t see that trend changing purely from the limited numbers. This car has amazing reviews despite all the issues. I’ve bought it, I’m going to enjoy the hell out of it as I know today I can’t get anything better for my money. When the time comes and I have to sell I will (even if I only got 50k back I’ve lost more with other cars no way near as special) but I will know I would have had an amazing 3+ years with the car. If you want it, get it, I would need a really silly offer to get out of mine, that’s how special it is to me – having only had it for 4 days lol

av185

18,511 posts

127 months

Wednesday 24th September 2014
quotequote all
APOLO1 said:
Alpinestars said:
sidicks said:
I think the low volumes will support values and mean that you will struggle to get a decent spec £120k new list price) car for much less than £100k after 2 years and £85k after 3 years.

If future GT3s are forced down the Turbo route, then the 991, as the last of the normally aspirated cars, will always be well supported.

Personally, I don't see people paying over list in a year or so, as I don't think the cars have the same 'special' tag that Mclarens or Ferraris do. Happy to be proved wrong though!
Whilst I have no idea about what the values will be, aren't you comparing apples to pears? Ferrari and Mclaren are marques, a GT3 is a model. If you want to compare like with like compare models or marques. It's not right to say that Porsche don't have the same "special" tag when we are talking values. Reference 96RS and 3.8/4.0 RS values, which are all above list, and the MP12, which has tanked.
good point, what is a comparable to the 991GT3....
Probably only the Speciale which as we all know was subjectively favoured slightly over the GT3 in the recent (Evo?/Top Gear whatever) test despite suggestions that the GT3 was quicker, clearly more usable and the F coming in at £250k against the £116k Porsche.....unbelievable tbh.

But the fact that both these cars will be undoubtedly the last of the n a screamers should, in the medium to long term at least ensure strong residuals further bolstered in the case of the GT3 by lower production numbers and likelihood of no gen 2.......thumbup

kbooker

728 posts

139 months

Wednesday 24th September 2014
quotequote all
[quote=av185]

Probably only the Speciale which as we all know was subjectively favoured slightly over the GT3 in the recent (Evo?/Top Gear whatever) test despite suggestions that the GT3 was quicker, clearly more usable and the F coming in at £250k against the £116k Porsche.....unbelievable tbh.

But the fact that both these cars will be undoubtedly the last of the n a screamers should, in the medium to long term at least ensure strong residuals further bolstered in the case of the GT3 by lower production numbers and likelihood of no gen 2.......thumbup
[/quote

What makes you say no Gen' 2?